In a note
following that announcement, Chris Rupkey, chief financial
economist at MUFG,
wrotethat
the Fed's statement implied it had "capitulated" and become
willing to acknowledge that there was real strength in the
economy and the labor market, despite inflation that remains
below the Fed's 2% target.

And in an email following Thursday's JOLTS report, Rupkey
reiterated this stance, writing:

Fed Chair Yellen has famously pointed to the Quits Rate
also in these Jolts data. If you feel secure enough to
quit your job then the economy must be pretty good.
Well, the Quits Rate jumped in September to 2.8 million people
from 2.5 million in August. The number of Quitters out
there in the economy, you know who you are, is just the same now
as it was back in 2004 when the Fed started normalizing interest
rates.

Torsten Slok, chief international economist at Deutsche
Bank, also circulated a chart following the report that
highlighted not only the quits rate, but Yellen's prior emphasis
on this figure.

Slok's chart shows the quit rate moving back to precrisis
levels, and Slok argues that this chart is the catalyst the Fed
needs to begin raising rates.